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 Bruce Cameron will share some of his insights into successful investing.
Most financial disasters occur because people don’t follow basic financial rules. Many don’t have a will, are over-indebted, save too little, don’t have sufficient life and short-term assurance or proper medical insurance and often put all their investments in one ‘basket’.
Many people are severely affected by financial disasters because they believe that they are ‘financial superheroes’ or that they are immortal. But while there are some things that you have very little control over (such as being a beneficiary, widow or orphan of the Mineworkers Provident Fund who were left destitute by J Arthur Brown and his friends at Fidentia), there are other areas where you have total control of your decisions. A recent example is the Tannenbaum Ponzi scheme, which defrauded some of South Africa’s better-known captains of industry whose greed exceeded their good sense. Both of these examples are regarded as extreme events.
At the next acsis/Personal Finance financial planning club Bruce Cameron, Personal Finance editor, will detail the simple things that you have to do to ensure that you, and more particularly the people that depend on you, are not left financially vulnerable.
The presentation will cover:
- why ignoring simple and basic rules all too often leads to our financial disasters
- the normal distribution or bell curve and where you fit in
- how, if you take control of your future financial security, you have a better chance of being on the left-hand side of the bell curve
Bruce Cameron has been a journalist for more than 30 years working on many of the leading titles in South Africa. He is the founding Editor of Personal Finance, the newspaper supplement, as well as the magazine. He is a regular radio commentator on personal finance issues, and speaks regularly at symposiums on the South African financial services industry. Prior to launching Personal Finance in March 1996 he was Political Editor of Business Report. He is the author and co-author of a number of personal finance books. He has won a number of journalistic awards including the coveted Sanlam Excellence in Financial Journalism in various categories and the Citadel Words on Money Award.
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